Domestic Economy
0

Iran's Non-Oil Trade With South Korea at $4.6b Last Year

Iran's Non-Oil Trade With South Korea at $4.6b Last YearIran's Non-Oil Trade With South Korea at $4.6b Last Year

Iran traded 5.64 million tons of non-oil commodities worth $4.61 billion with South Korea in the last fiscal year (ended March 20, 2019), registering a 51.05% and 43.03% decline in tonnage and value respectively compared with the year before, latest data released by the Islamic Republic of Iran Customs Administration show.
Iran’s exports to South Korea stood at 4.91 million tons worth $2.56 billion, down 51.07% and 41.46% in tonnage and value respectively year-on-year. 
South Korea was Iran’s fifth export destination during the year.
Iran mainly exported gas condensates, copper concentrates, chemicals and molybdenum oxide and hydroxide to South Korea during the 12-month period.
It exported 735,116 tons of goods worth $2.04 billion to Iran, down 50.89% and 44.89% in tonnage and value respectively YOY. 
South Korea was the seventh exporter of goods to Iran over the year.
The imports mainly included auto parts, vehicles, chemicals and refrigerator parts.

Add new comment

Read our comment policy before posting your viewpoints

Financialtribune.com